06 Sep '23 at 6:53 am #65097
Participant
Fed’s Susan Collins
Fed should ‘allow time’ when making monetary policy choices
Too soon to say inflation sustainably moving back back to target
Fed must balance lowering inflation against slowing economy too much
Fed can likely achieve goals without causing notable economic pain
Still too much job market demand
Wage growth remains elevated
Core services inflation moderation has been modest
Expects economy to slow into end of year